Best in Energy – 10 May 2023

Australia boosts hydrogen projects (Reuters)

Pakistan buys crude from Russia (Bloomberg)

Schlumberger operations in Russia (Reuters)

China warns of power shortages (Bloomberg)

Oil prices questioned by Goldman Sachs (FT)

U.S. airconditioning and emissions (Reuters)


BRENT’s six-month calendar spread from July 2023 to January 2024 has narrowed to a backwardation of around $1.75 per barrel from more than $4.00 on April 12 as the impact of OPEC⁺ production cuts has been offset by concerns about the outlook for the global economy and petroleum consumption:

Published by

John Kemp

Energy analyst, public policy specialist, amateur historian